Deposit Protection Reduced

The Deposit Protection Agency has recently issued a notification limiting the deposit protection to customers with deposits in financial institutions whose licenses are revoked.  The protection, which was previously unlimited, is now capped at Baht 50 million and will be …

Read More

New Bank of Thailand Reporting Requirements

The Bank of Thailand (BOT) announced that as of 26 March 2011 all businesses in Thailand with import or export operations, overseas investments or liabilities, or investments from overseas investors at or above a specified threshold are required to submit …

Read More